U.S. trade deficit narrows

For all of last year, the U.S. trade deficit fell 3.5% to $540.4 billion, reversing two straight years of double-digit increases. Above, trucks line up at the Port of Long Beach.

For all of last year, the U.S. trade deficit fell 3.5% to $540.4 billion, reversing two straight years of double-digit increases. Above, trucks line up at the Port of Long Beach. (Al Seib / Los Angeles Times)

For all of last year, the U.S. trade deficit fell 3.5% to $540.4 billion, reversing two straight years of double-digit increases. Above, trucks line up at the Port of Long Beach.